One of President Biden’s chief advisers said today that the US economy’s recovery after the coronavirus pandemic would be “bumpy” but dismissed claims that his $1.9 trillion stimulus package was driving up inflation.

Cecilia Rouse, chairwoman of the White House’s council of economic advisers, defended Biden’s handling of the pandemic, saying that the country’s “very fast” rebound from the start of the year had beaten her expectations.

She attributed this to the vaccine rollout across the US and said that increased prices, which some have blamed on the president’s fiscal stimulus plan, would be “transitory”.

Cecilia Rouse rejected criticism of government spending

DREW ANGERER/GETTY IMAGES

However, despite rejecting criticism of the administration’s spending, Rouse admitted that the US was set for some economic struggles in the coming months.

“This is going to be a bumpy

Read more…

Share.

Comments are closed.